Jim Cramer's Best Blogs

Tickers in this article: TOL WMT

The Fed fraud/phony stuff makes a total mockery of what I do with my worklife, or at least the way I have done it. Yeah, it is that bad.

I don't know any other way to put it. As long as the vast majority of strategists, trigger pullers and behemoth funds subscribe to this uber-Fed-as-all-that-matters theory, my whole attempt to explain why PepsiCo (PEP) is better than Coca-Cola (KO) or that the New York Times (NYT) should be bought or that we could be near the bottom in Millennial Media (MM) or Magnum Hunter (MHR) is a total fool's errand.

Tell me I am wrong.

Tell me.

I'd love to know, because I think the homework still matters and the over-Fed reliance for all decisions is a crutch, not a sign of wisdom.

A crutch that one day will disappear and we will realize that the individual homework on individual stocks is, indeed, the way to go.

Action Alerts PLUS , which Cramer co-manages as a charitable trust, has no positions in the stocks mentioned.